1001 Albert Drive Melton South, VIC 3338
Melton South, Melton, VIC, 3338$ 892,085 Sold
This property has sold.
- Dual Occupancy
- Property Type
- 4+2
- Bedrooms
- 2+1
- Bathrooms
- 2
- Cars
- 209
Details
Updated on May 22, 2026
| Property Type: | Dual Occupancy |
|---|---|
| Price: | $ 892,085 |
| Land Price: | $ 430,000 |
| Build Price: | $ 462,085 |
| Gross Per Week: | $ 810 |
| Gross Per Annum: | $ 42,120 |
| Gross Yield: | 4.72% |
| Capital Growth 12 Months: | 5.17% |
| 10Yr Annualised Growth: | 9.88% |
| Vacancy Rate: | 5.80% |
| Property Size: | 209 m2 |
| Land Area: | 555 m2 |
|---|---|
| Bedrooms: | 4+2 |
| Bathrooms: | 2+1 |
| Parking: | 2 |
| Land Title Date: | Titled |
| Property ID: | 23897 |
| SKU: | 1045 |
| Sold: | Jun 17, 2026 |
Description
Located in Melton South, this Dual Occupancy is more than just a home, it's a smart investment opportunity. With 4 bedrooms, 2 bathrooms and 2 car space/s, it delivers functional design with modern living in mind. Investors will appreciate its strong yield potential, while residents will enjoy the comfort and convenience it provides every day. Set within a growth corridor, it combines lifestyle benefits with future financial returns. A property that works for you today and tomorrow.
Melton South is a rapidly growing suburb within Melbourne's western corridor, offering a blend of affordability and accessibility. With established transport links, schools, and shopping centres, it caters well to families, professionals, and students alike. The suburb has seen consistent development, attracting investors seeking strong rental yields and capital growth. Its location ensures continued demand from tenants who value convenience and connectivity.
This property represents a balanced investment, offering both lifestyle comfort and strong growth potential. Its design, location and functionality make it a dependable choice for investors and homeowners alike. A smart decision for those looking toward the future.
Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.
These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.
The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.
The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.
Features
- Minimum 7-Star Energy Rating
- Minimum 7-Star Energy Rating
- Reconstituted stone bench tops to kitchen and bathrooms.
- Reconstituted stone bench tops to kitchen and bathrooms.
- Stainless steel kitchen appliances.
- Stainless steel kitchen appliances.
- Quality timber laminate, tile and carpet flooring.
- Quality timber laminate, tile and carpet flooring.
- LED downlights throughout
- LED downlights throughout
- Semi Frameless Shower Screens
- Semi Frameless Shower Screens
- Tiled shower bases
- Tiled shower bases
- Remote controlled garage door.
- Remote controlled garage door.
- Door and window locks.
- Door and window locks.
- Ducted heating and split system air conditioner.
- Ducted heating and split system air conditioner.
- Window furnishings and flyscreens
- Window furnishings and flyscreens
- Heat pump hot water system.
- Heat pump hot water system.
- Colour through concrete driveway and porch.
- Colour through concrete driveway and porch.
- Clothesline
- Clothesline
- Letterbox.
- Letterbox.
- Full landscaping and full fencing.
- Full landscaping and full fencing.
Floor plans
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
Address
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Morayfield QLD 4506ENQUIRE ABOUT THIS PROPERTY
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.